iShares Select Dividend ETF $DVY Shares Sold by Linscomb Wealth Inc.

Linscomb Wealth Inc. decreased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 4.1% during the 2nd quarter, Holdings Channel reports. The firm owned 68,011 shares of the company’s stock after selling 2,884 shares during the quarter. Linscomb Wealth Inc.’s holdings in iShares Select Dividend ETF were worth $9,032,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in iShares Select Dividend ETF by 549.1% during the first quarter. GAMMA Investing LLC now owns 1,506 shares of the company’s stock worth $202,000 after buying an additional 1,274 shares during the period. Millstone Evans Group LLC grew its stake in shares of iShares Select Dividend ETF by 89.4% in the first quarter. Millstone Evans Group LLC now owns 517 shares of the company’s stock valued at $69,000 after buying an additional 244 shares in the last quarter. Cove Private Wealth LLC grew its stake in shares of iShares Select Dividend ETF by 64.6% in the second quarter. Cove Private Wealth LLC now owns 8,280 shares of the company’s stock valued at $1,100,000 after buying an additional 3,250 shares in the last quarter. Courage Miller Partners LLC grew its stake in shares of iShares Select Dividend ETF by 28.6% in the second quarter. Courage Miller Partners LLC now owns 2,795 shares of the company’s stock valued at $371,000 after buying an additional 621 shares in the last quarter. Finally, Worth Financial Advisory Group LLC grew its stake in iShares Select Dividend ETF by 29.0% during the 2nd quarter. Worth Financial Advisory Group LLC now owns 2,777 shares of the company’s stock valued at $369,000 after purchasing an additional 625 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 0.7%

Shares of NASDAQ DVY opened at $139.46 on Friday. The business has a 50 day moving average price of $141.19 and a two-hundred day moving average price of $135.64. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The firm has a market cap of $20.42 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a dividend of $1.2465 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.99 dividend on an annualized basis and a yield of 3.6%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

iShares Select Dividend ETF Company Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.